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The amount of money spent weekly on cleaning, maintenance, and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed, with mean u = $633 and standard deviation o = $38. A USE SALT (a) If $646 is budgeted for next week, what is the probability that the actual costs will exceed the budgeted amount? (Round your answer to four decimal places.) (b) How much should be budgeted for weekly repairs, cleaning, and maintenance so that the probability that the budgeted amount will be exceeded in a given week is only 0.15? (Round your answer to the nearest dollar.) 2$ Need Help? Read It Submit Answer

The amount of money spent weekly on cleaning, maintenance, and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed, with mean u = $633 and standard deviation o = $38. A USE SALT (a) If $646 is budgeted for next week, what is the probability that the actual costs will exceed the budgeted amount? (Round your answer to four decimal places.) (b) How much should be budgeted for weekly repairs, cleaning, and maintenance so that the probability that the budgeted amount will be exceeded in a given week is only 0.15? (Round your answer to the nearest dollar.) 2$ Need Help? Read It Submit Answer

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The amount of money spent weekly on cleaning, maintenance, and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed, with mean u = $633 and standard deviation o = $38. %3D A USE SALT (a) If $646 is budgeted for next week, what is the probability that the actual costs will exceed the budgeted amount? (Round your answer to four decimal places.) (b) How much should be budgeted for weekly repairs, cleaning, and maintenance so that the probability that the budgeted amount will be exceeded in a given week is only 0.15? (Round your answer to the nearest dollar.) Need Help? Read It Submit Answer
Transcribed Image Text:The amount of money spent weekly on cleaning, maintenance, and repairs at a large restaurant was observed over a long period of time to be approximately normally distributed, with mean u = $633 and standard deviation o = $38. %3D A USE SALT (a) If $646 is budgeted for next week, what is the probability that the actual costs will exceed the budgeted amount? (Round your answer to four decimal places.) (b) How much should be budgeted for weekly repairs, cleaning, and maintenance so that the probability that the budgeted amount will be exceeded in a given week is only 0.15? (Round your answer to the nearest dollar.) Need Help? Read It Submit Answer
Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery is normally distributed, with a mean of 43.6 months and a standard deviation of 7.9 months. A USE SALT (a) If Quick Start guarantees a full refund on any battery that fails within the 36-month period after purchase, what percentage of its batteries will the company expect to replace? (Round your answer to two decimal places.) % (b) If Quick Start does not want to make refunds for more than 6% of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)? months Need Help? Watch It Read It
Transcribed Image Text:Quick Start Company makes 12-volt car batteries. After many years of product testing, the company knows that the average life of a Quick Start battery is normally distributed, with a mean of 43.6 months and a standard deviation of 7.9 months. A USE SALT (a) If Quick Start guarantees a full refund on any battery that fails within the 36-month period after purchase, what percentage of its batteries will the company expect to replace? (Round your answer to two decimal places.) % (b) If Quick Start does not want to make refunds for more than 6% of its batteries under the full-refund guarantee policy, for how long should the company guarantee the batteries (to the nearest month)? months Need Help? Watch It Read It
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